TEA

The ESOP Association is dedicated to providing the highest quality service to our members and the public. The website provides fast access to information on employee ownership and news. Additionally, the new website is accessible on smartphones and tablets through mobile and responsive design versions that make navigation easier and available anywhere on any device.

Meet & Learn:Meetings information for both national and Chapter events; publications (print and electronic versions) including all technical and communications information offered by the Association and the ESOP Report newsletter; the online learning tool, the ABCs of ESOPs

Explore: Information on how ESOPs work and industry statistics; links to the Association’s Issue Briefs; and an employee ownership news section which contains an archive of the Association’s press releases

Advocate: Advocacy Kits; Government affairs information and the ESOP bulletin; accessible links to government affairs commentary on YouTube and the Association’s Blog; Employee Ownership Month information; information on the ESOP PAC

The ESOP Association joined the Employee-Owned S Corporations of America (ESCA) and the National Center for Employee Ownership (NCEO) in sending a letter to the Financial Accounting Standards Board (FASB) urging the carve-out of private companies from new rules that may require private companies, including ESOPs, to disclose information in their ESOP audit reports filed with the 5500 form about the significant assumptions and methodologies used in the valuation of the company’s stock.

The Accounting Standards Update (ASU) 2011-04 would require companies to disclose the significant assumptions and methodologies used in the valuation of company securities that are not publicly traded and has been written in a way such that privately-held companies are likely to be required to provide a footnote in their ESOP audit reports filed with the 5500 form that would provide information to outside parties that many of our members may consider detrimental to the interests of their businesses and our employee-owners.

ESOP Association Chair, Mark R. Lomele, Senior Vice President and Chief Financial Officer of Recology, located in San Francisco, CA signed the letter on behalf of the Association.